Section 1
[Provided that such auditors or auditing firm shall be appointed from a panel approved by the Central Registrar:
1 [Provided that such auditors or auditing firm shall be appointed from a panel approved by the Central Registrar:
Provided further that in case of multi -State co -operative banks, multi-State credit societies with deposits of above five hundred crore rupees and multi-State non-credit societies with turnover of above five hundred crore rupees, the auditor shall be appointed from a panel of auditors approved for audit of such societies by the Central Registrar.]
(3) Every auditor appointed under sub-section (1) shall, within thirty days of the receipt from the multi -State co -operative society of the intimation of his appointment, inform the Central Registrar in writing that he has accepted, or refused to accept, the appointment.
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